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Never have I seen a project with negative NPV. Busines plans are easily biased and allways will favour the decision maker.

Also the Discounted Cash Flow approach fails when applied to externalities, capacity or high risk/volatility projects, which tend to be the nature of the social projects.

But in the end this approach has litle merits because, first its something that has been in place for decads without solving the main issue, which is quality realiable data and accountability on the ones who make the business plans.

Second, we live in a world where there is no such thing has scarse resources (in the developed countries), so instead of developing rules to sort the use of resources we should be focused on developing new uses for resources and creating opportunities.

Lomborg here seems to postulate that he and his think tank invented the idea of opportunity cost, a basic idea that every political and economical student surely must have met. While maybe sometimes politicians favor areas which may not seem the best way to spend money, blaming it on politicians being unable to grasp the most basic of prioritizing seems dubious. More likely it would seem that it is the public and journalists, not world leaders, who needs to start looking at what issues are the most important to address.